Mr. Mike Nyinaku, Chief Executive Officer (CEO) of the Beige Group of Companies, has called for the establishment of more Venture Capital Funds to help implement viable business ideas to foster economic growth.
Venture Capital Funds, he said, had become a powerful tool in empowering the youth all over the world, particularly amongst Business graduates, as it serves as an avenue to give them access to the requisite capital to start their own businesses.
It also helps in encouraging the youth to generate ideas that could transform their own lives and the society in general to alleviate the plight of the people. Mr. Nyinaku was interacting with the media in Kumasi on his companies’ mission statements as they commence operations in the metropolis.
Highlighting on the Beige Capital Susu and Loans, a subsidiary company of the Group, the CEO said the company’s focus was to make loans more accessible to Small-scale and Medium Enterprises(SMEs).
Under the company’s loan terms, a business entity or individual could access loans without having a collateral security but viable business. The company also puts much emphasis on customer care and is motivated to develop various products to meet their needs.
Mr. Nyinaku said Beige was recently recognized as having the highest capital base portfolio due to good practices, saying it was the policy of the company to work harder in expanding their operations. In the last five years, Beige had seen its workforce in its six main companies grown to about 874.
Source: GNA
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